During the period under review, financial institutions reported 1,045 card trapping incidents, up 640 percent on a year-over-year basis, while card skimming incidents decreased by 19 percent (from 5,693 to 4,629 incidents). Losses from card skimming have dropped from EUR 222 million to EUR 156 million, while losses due to card trapping have jumped almost 900 percent to EUR 5.8 million. This is an indication of the fact that the EMV (Chip and Pin) rollout at ATMs across Europe has contributed to a drop in skimming losses. Furthermore, such statistics reflect an improvement in fraud detection measures as well as fraud monitoring capabilities, the same report indicates. As far as physical attacks on European ATMs are concerned, their number has climbed by 12 percent, with cash losses for such attacks below fraud levels.
The report also focuses on losses due to card trapping as well as data compromise from cases of hacking or other fraud at data processors as two emerging threats.
EAST is an organization concerned with ATM security that is based in Edinburgh, UK.
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